Meta's Not Giving Up on the Metaverse Just Yet

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Meta's Not Giving Up on the Metaverse Just Yet
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CTO Andrew Bosworth said about 20% of the company's overall costs and expenses would be spent on the Reality Labs segment of its business next year.

Andrew Bosworth acknowledged the financial headwinds but said the company would nonetheless still commit to dump

around 20% of the company’s overall costs and expenses into the Reality Labs segment of its business next year. That single division, which is responsible for Meta’s VR headsets and future facing metaverse platforms, reported“We never thought it would be easy or straightforward, but this year was even harder than we expected,” Bosworth admitted.

Unwind with 12 credits to spend on any audiobook, and free access to the Premium Plus selections, no credits needed.Though 2022 might seem akin to a failure from the outside, Bosworth said he believed Reality Labs engineers succeeded in developing a product,, that put a piece of advanced hardware in the hands of developers. Additionally, Bosworth pointed to the growing popularity of social experiences on the Quest Store as evidence VR users are actually interested in hanging on with headsets on.

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